Christopher Benjamin

  • A&B to Acquire Hawaii Commercial Portfolio from Kaneohe Ranch and the Harold K.L. Castle Foundation

    In a $373 million deal, Alexander & Baldwin, Inc. has agreed to purchase the Hawaii commercial real estate portfolio of Kaneohe Ranch and the Harold K. L. Castle Foundation.

    Honolulu 02 December 2013 16:07
  • A&B Properties to Acquire West Oahu’s Pearl Highlands Center for $141.5M

    A&B Properties, Inc., the real estate subsidiary of Alexander & Baldwin, Inc., has agreed to acquire the Pearl Highlands Center in Pearl City for $141.5 million.

    Honolulu 11 June 2013 05:40
  • A&B Properties Acquires West Oahu Shopping Mall for $29.8M

    A&B Properties Inc., the real estate subsidiary of Honolulu-based Alexander & Baldwin, has acquired the 170,275 square-foot Waianae Mall in Leeward Oahu from TNP Strategic Retail Trust Inc. The $29.8 million purchase price included the assumption of a $19.7 million mortgage, at a 5.4 percent interest rate. "The Waianae Mall acquisition redeploys proceeds realized from a July 2012 land sale, on a tax-advantaged basis, into a favorably priced, significantly higher income-generating commercial property on Oahu," said Christopher J. Benjamin, A&B's president & chief operating officer.

    Honolulu 28 January 2013 06:27
  • Alexander & Baldwin Completes Construction of Hawaii’s Largest Solar Farm

    Alexander & Baldwin, Inc. (A&B) and Kauai Island Utility Cooperative (KIUC) have recently announced the completion of Hawaii's largest photovoltaic energy plant. The 6-megawatt solar farm is located on Kauai’s sunny south shore, on a 20-acre parcel of land owned by A&B nearby KIUC's Port Allen Station power plant. Electricity from the facility began flowing on Dec. 7. Developed and operated by A&B's subsidiary, McBryde Sugar Company, LLC, the project is expected to generate approximately 10,200 megawatt hours of electricity per year. KIUC and its members will be provided with renewable solar energy at a fixed rate for at least the next 20 years.

    Honolulu 13 January 2013 06:10

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